The global volume market for flame retardant chemicals is expected to
grow at a CAGR (2015 to 2020) of 6.1%, driven by the various application
industries.

With increasing raw material and manufacturing cost, the flame retardant
chemicals market is currently facing pricing issues; however, the market
for flame retardant chemicals is on rise due to its extensive use in the
electrical and electronics; building and construction; and
transportation sectors.

In terms of value, the global market for flame retardant chemicals is
expected to grow from $7.2 billion in 2014 to $7.6 billion in 2015 at a
year-on-year (YOY) growth rate of 4.7%. In addition, the market is
expected to grow at a five-year CAGR (2015 to 2020) of 5.4%, to reach
$9.8 billion in 2020.